The medical waste management market, based on type, was valued at US$ 5,892.7 Mn in 2014 and is projected to reach US$ 7,994.6 Mn in 2023, expanding at a CAGR of 3.4% during the forecast period from 2015 to 2023.
Albany, NY -- (SBWIRE) -- 06/17/2016 -- The report on medical waste management market analyzes the current as well as future prospects and various facets of the market in detail. Health care industry serves population by protecting health of individuals and saving lives of many. However, while doing so they generate a lot of waste, which involves risk to people. As the healthcare industry is rapidly growing across the globe and especially in U.S, there will be increasing need for medical waste management and the service providers in the market will witness attractive market opportunities than ever. For the research on this topic, we conducted in-depth interviews and discussions with a wide range of key opinion leaders within medical waste management market, which was supplemented by extensive secondary research.
The market assessment and forecast in terms of revenue (US$ million) for each segment of medical waste management have been provided for the period 2013 to 2023, considering 2014 as the base year. The report also provides the compounded annual growth rate (CAGR %) for the U.S medical waste management market and each sub-segment, for the forecast period 2015 to 2023. Growth rates for each segment within the U.S. medical waste management market have been determined after thorough analysis of past trends, demographics, future trends, technological developments, regulatory requirements.
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Factors such as government initiatives, active participation of non-government organizations (NGOs), growing elderly population, growth of pharmaceutical and healthcare industries, and technological innovations would help market players to take strategic decisions in order to strengthen their market positions and inflate their correspondent market shares. The recommendations section included in the report would assist existing market players in targeting all major stakeholders of this industry such as companies. The report also profiles major players in the U.S medical waste management market based on various attributes such as company details, business overview, financial facts, business strategies and recent developments.
Medical waste management market report analyzes the current and future prospects of the U.S market. The medical waste management market comprises medical waste management and pharmaceutical waste management segment. The medical waste management is further segmented as types and services. Under types, medical waste management is divided into sharps waste, infectious and pathological waste, non-infectious waste, radioactive waste, and pharmaceutical waste. The growth of this segment is due to rising awareness programs by private or government bodies to manage non-infectious waste streams. The services segment of medical waste management is further divided into collection, transportation and storage, waste treatment, and disposal method. It is routinely used in daily medical practice by professionals. Hospitals find medical waste management services to be increasingly profitable, as the reach of the services has improved significantly over the years due to the advent of new collection, transportation, storage, treatment, and disposal services. Based on pharmaceutical waste management market is divided into three different parameters such as type (hazardous and non-hazardous), category (controlled and uncontrolled), and substance generators (hospitals, manufacturers, clinical lab, physician office, and reverse distributors).
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Additional information such as recent development in medical waste management, market dynamics, porter's five forces analysis, in the market overview chapter which provide every detail to assist new and existing players to venture and explore latent market opportunities in impending years. This report provides in-depth analysis of the U.S medical waste management market. The stakeholders for this report include companies involved in the research and development and application. For providing a snapshot of this market to the stakeholders, executive summary section is included in this report, which summarizes the market size, trends, and competition for different regions.
However, the market is likely to face some setback due to high initial capital investment cost and intense competition from local players; these might slow down the growth of the market. Nevertheless, the report also highlights various opportunities that are expected to boost the market growth during the forecast period.
The medical waste management market report also includes recommendations section that would assist new companies to enhance their service offerings and expand their market share in the medical waste management market.
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Key players profiled in the medical waste management market study encompasses Clean Harbors, Inc., Republic Services Inc., Sharps Compliance, Inc., Stericycle Inc., Suez Environmental Services, U.S. Ecology Inc., Veolia Environmental Services, and Waste Management Inc.
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